quote:I would just love the company to release the float count once the shareholders group count reaches twice as much as the float.
It's never going to happen. Who do you think is signing up? People who have a few million? No, you've got the Willys with a billion, the Sterlings with who knows how many and everyone else who bought into this in a huge way. I don't know of anyone here who has signed up and some months ago someone had a running total going of over a billion shares held here, made up of mostly small holdings. Throw 2 or 3 thousand people in there who only hold a million or so, then how do those numbers look?
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My guess is that the float is quite high. Wouldn't surprise me if UC, family and insiders own much less than the float. That may be why they fear releasing the true numbers, since they did not go to shareholders for any voting. The other possibility is the float is quite high as suggested, but they have a Pfd Stock or something that allows them to get away with it. That means they might have increased the authorized in some underhanded way. Either way, if the float on common stock is higher than what insiders hold, the hue and cry will never end and pieces of UC will be wisked out with a broom. Nothing else makes sense. Otherwise, they would have released the accurate share count information. They are most certainly holding out for some serious reason and it is not secrecy or not knowing the figures. My guess is fear. UC already experienced some of that at the shareholder party in Vegas.
Bear in mind the above SPECULATION is in addition to the problems with the SEC that they brought on themselves. That, too, could be the reason they refused to release share count information. By doing so, they would be admitting they knew they violated the Securities Exchange Act of 1934.
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quote:Originally posted by Wallace#1: My guess is that the float is quite high. Wouldn't surprise me if UC, family and insiders own much less than the float. That may be why they fear releasing the true numbers, since they did not go to shareholders for any voting. The other possibility is the float is quite high as suggested, but they have a Pfd Stock or something that allows them to get away with it. That means they might have increased the authorized in some underhanded way. Either way, if the float on common stock is higher than what insiders hold, the hue and cry will never end and pieces of UC will be wisked out with a broom. Nothing else makes sense. Otherwise, they would have released the accurate share count information. They are most certainly holding out for some serious reason and it is not secrecy or not knowing the figures. My guess is fear. UC already experienced some of that at the shareholder party in Vegas.
Bear in mind the above SPECULATION is in addition to the problems with the SEC that they brought on themselves. That, too, could be the reason they refused to release share count information. By doing so, they would be admitting they knew they violated the Securities Exchange Act of 1934.
Wallace your post makes alot of sense, either way they are hiding the truth to protect themselves. But in the end the truth will come out and they will have to face the consequences. I hope that the justice is fair to all involved.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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I sincerely doubt if shareholders will get anything resembling justice from a monetary point of view. They may, however, get some satisfaction of seeing people responsible go to jail, get disbared and/or see CMKX et al thrown out of the stock market scene.
There may also be some corrections for injustices in the stock market itself, but those are more than likely to be superficial. Remember, those guys have plenty of political contacts too. Here I am speaking of such things as NSS being misused, brokers trading for themselves prior to trading for clients, games specialists and MMs play with bid/ask of stocks, improper accounting procedures by publicly traded companies, cover-ups and the like. I have never said they are completely clean and pure. They do need a good scrubbing. I doubt if that will ever happen to the degree necessary to fully protect shareholders. I think the best we can do is try to outsmart them.
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quote:Originally posted by legaleagle: drgnfly, all shareholders are upset that the company has not released enough information. Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely.
oi JB make up your mind!! One minute the shareholders are happy next they are upset... flip flopper!
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DrDiamond comments on george's posts above:
DrDiamond Global Moderator
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Gender: Posts: 897 Re: Is there a naked short? « Reply #37 on: Today at 8:01pm »
-------------------------------------------------------------------------------- I agree that the NSS position is more evident now than it ever has been.
When one considers that Ed Dhonau, Urban Casavant and Family members, Rendall Williams, etc... are probably some of the largest share holders of the O/S (51% and up) have not signed on with Frizzell, but these giant shareholders are counted as only one each share holder.
I guess what I am getting at is it would be safe and fair to reduce the O/S by the shares we know are not accounted for with Frizzell, which would be 51% or better for the purpose of running the calculations.
Otherwords, the O/S is reportedly approx 704 billion. 296 billion were reported to be in certificates and 407 billion in street name. We know the company has to have 51% to make the decisions that they have been making without our input.
So, if the company owns 250 billion certificated shares of the 296 billion (Which I doubt very much, probably more like 100 billion) then to have 51% control, Urban would need another approx 152.5 billion shares of the street name shares to have control.
Thus, the 407 billion street quickly would reduce by at least 152.5 billion and probably more like 300 billion. This would cause the probable NSS position totals through George's calculations to rise significantly as the available street are more in the neighborhood of 100 billion to 254.5 billion.
The company has to have these to control and these huge shareholders are counted as only one and not even calculated into Frizzell's Group.
Reduce the known O/S by the 51% needed to control the company, as it will not be represented by Frizzell, I wouldn't think, and you would easily double George's calculations bringing a probable NSS position up to nearly 4.5 to 5 trillion. That is a "market nightmare"!
Add to that the serious defaults that the market would have had on USCA pre and post split, and you can see why the pressure is still there to pull it down.
Add to that CIM that the markets cannot touch, especially if you pull certs on the stock dividend.
Add to that GEMM and one begins to get a picture of that serious problem that CMKX has caused to these short positions in more than one way.
AND, it isn't over, because as long as CMKX is alive and breathing they can continue to payout share dividends and pressure the market that much more. So why would the SEC be trying to kill CMKX? Go figure. We still have 20 billion CIM, 200 billion SGGM, and who knows what else?
Also take into account that George only used the 29,000 shareholders getting the rounded fractions from USCA. My low estimation would be that CMKM Diamonds has around 50,000 shareholders or more, so this too would bump the numbers higher.
Thanks George. Nice work.
These are just my opinions and I ask that you treat them as such.
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first with the correct wording in the articles of incorporation you do not need 51% of the common shares to hold 51% of the vote. this could be changed at any point in nevada, this is why less then honest companies move there. remember UC moved this from deleware to nevada. second any prefered shares could hold any number of votes per shares, this is why very, very few stocks have 51% or better owned by the insiders. since we know nothing about share structure its safe to say UC's butt is covered on this & more then likely this is what Roger was there for..i stand by my prediction...the float is 550 to 600 billion at least.
-------------------- "keep your stick on the ice & your cup firmly in place"
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bill wrote: "second any prefered shares could hold any number of votes per shares..."
That is precisely what I have been saying all along. If the number of votes (even if it is 1 vote) of a Pfd can dictate over the control by the Common Stock, that is referred to as a Voting Arrangement. NYSE companies are not permitted to do such as that. Prior to being listed Voting Arrangements and Conflicts of Interest MUST be terminated. If they try to pass one while being listed, it will be terminated or the company will be delisted from the NYSE. That is another of the many reasons why OTCBB and PINKS are considered to be extremely risky.
bill also wrote: " stand by my prediction...the float is 550 to 600 billion at least."
quote:Originally posted by imakmony2005: SHOOT IT!! SHOOT IT !! MISSED AGAIN.
Why shoot a dead horse, we need to move the carcass into Legal's bedroom so that he can see that its DEAD, if he can't see it for sure he will smell it
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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Street Shares: 83,419,032,731 Cert Shares: 11,265,122,349 Total Shares: 94,684,155,080 Signed Agreements: 1079
======================
ok how many companies out there have 50% of that number in tyhe o/s? there are a few & 2 are cmkx buddies that have that many in the a/s but o/s?? if UC isn't be best conman in history i'll wear the sundress. they could be n/s 500 billion & find the biggest diamond strike in history & never get the pps over .0002.
-------------------- "keep your stick on the ice & your cup firmly in place"
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Pete: Hi, Al. Sure is a smart-looking dog you got there. Al: He really is pretty smart. Watch this. Rover, what does a tree have on its sides? Rover: BARK Al: Good boy. What does sandpaper feel like? Rover: RUFF Al: Okay, what is on top of the house? Rover: ROOF Al: What you think of that, Pete? Pete: Pretty good, but let's try a tough one. Rover, what's your opinion of CMKX? Rover lies down, covers his eyes with his paws, growls, rolls over and plays dead.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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You what is sad. When the SEC revokes this, and I just don't see how it want get revoked, I can see within 24 hours that the longs, lol, will have this new glorious theory on how this is a good thing and how they will come back and all be millionaires. They will never get it.
-------------------- Invest with your brain not with your heart.
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Looks like Urban is front page news in Melfort again. =========================================== Casavant Mining/CMKM in hot water again Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States.
By Colin McGarrigle of The Journal Tuesday April 19, 2005
Melfort Journal — Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States. The U.S. Securities and Exchange Commission (SEC) suspended trading of CMKM shares on March 16 and then ordered that a public administrative proceeding be held in regards to concerns the SEC has about the company. The SEC has stated that it had concerns over the adequacy and accuracy of publicly available information concerning CMKM's assets, liabilities, share structure, stock issuances, corporate management and other business activities. During the public administrative proceeding, which no details have been provided regarding, CMKM could be subject to suspension or revoking of the company's securities from the Exchange Act. The action by the SEC came about after CMKM filed a form with the SEC that contained errors regarding the number of shareholders the company had. CMKM stated in the form that they only had 300 shareholders in July 2003, when in fact they had 698 shareholders. Because of that number, the company was required to file quarterly reports, which they failed to do. Urban Casavant, CEO of CMKM said he hopes to see CMKM continue to trade shares of the Pink Sheets. "In the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets," said Casavant. The company is still in hot water in Saskatchewan, as the Securities Division of the Saskatchewan Financial Services Commission (SFSC) placed a Cease Trade Order on the company back on October 28, 2004. The order was extended indefinitely on November 9, 2004 when the company did not address any concerns that the SFSC had. The SFSC claimed in their original Cease Trade Order that CMKM was not registered while trading in securities, issued no receipts for these securities and made statements which they knew were misrepresentations. Vic Pankratz of the SFSC told the Journal last week that their concerns have still not been addressed and that the Cease Trade Order against CMKM is still in place.
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quote:Originally posted by Binky: Looks like Urban is front page news in Melfort again. =========================================== Casavant Mining/CMKM in hot water again Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States.
By Colin McGarrigle of The Journal Tuesday April 19, 2005
Melfort Journal — Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States. The U.S. Securities and Exchange Commission (SEC) suspended trading of CMKM shares on March 16 and then ordered that a public administrative proceeding be held in regards to concerns the SEC has about the company. The SEC has stated that it had concerns over the adequacy and accuracy of publicly available information concerning CMKM's assets, liabilities, share structure, stock issuances, corporate management and other business activities. During the public administrative proceeding, which no details have been provided regarding, CMKM could be subject to suspension or revoking of the company's securities from the Exchange Act. The action by the SEC came about after CMKM filed a form with the SEC that contained errors regarding the number of shareholders the company had. CMKM stated in the form that they only had 300 shareholders in July 2003, when in fact they had 698 shareholders. Because of that number, the company was required to file quarterly reports, which they failed to do. Urban Casavant, CEO of CMKM said he hopes to see CMKM continue to trade shares of the Pink Sheets. "In the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets," said Casavant. The company is still in hot water in Saskatchewan, as the Securities Division of the Saskatchewan Financial Services Commission (SFSC) placed a Cease Trade Order on the company back on October 28, 2004. The order was extended indefinitely on November 9, 2004 when the company did not address any concerns that the SFSC had. The SFSC claimed in their original Cease Trade Order that CMKM was not registered while trading in securities, issued no receipts for these securities and made statements which they knew were misrepresentations. Vic Pankratz of the SFSC told the Journal last week that their concerns have still not been addressed and that the Cease Trade Order against CMKM is still in place.
Nice find, but the kool aid dispenser (Legal) and the drinkers will never believe it. I am sure that they will have a comeback that is very far from reality.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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Casavant Mining/CMKM in hot water again Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States
Looks like our boy Urban" is well known and familiar with hot water Looks like moving back to Canada is not the answer, maybe South America!!!!!
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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i cant understand how the cult doesn't see that UC does not want to report. he tells they he does not want to report. if he did he would have reported at least some of the real info by now if for no other reason then to end some of this. wanna bet when the judge asks for needed info UC says its not available?
"In the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets,"
he is saying its none of your business, you dont need to know share structure, any test results, company income, where we spend money, just shut up & buy shares. its said there is a fool born everyday but this is ridiculus
-------------------- "keep your stick on the ice & your cup firmly in place"
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Kensington Resources Ltd.: Diamond Results for Drillhole 04-140-051 from Fort a la Corne Kimberlite 140/141 Business Wire - April 20, 2005 09:01
VANCOUVER, British Columbia, Apr 20, 2005 (BUSINESS WIRE) -- Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces the recovery of 68 macrodiamonds weighing 18.56 carats, including the previously announced 10.53 carat stone, from large diameter drillhole 04-140-051 targeted on Fort a la Corne Kimberlite 140/141 drilled during the 2004 Evaluation Program.
The total estimated mass of kimberlite excavated from 04-140-051 was 147.93 tonnes of which 118.73 tonnes of material greater than 1.5 mm in size were retained for recovery of commercial-sized diamonds. Minibulk samples were shipped to the De Beers' dense media separation plant located in Grande Prairie, Alberta for the first stage of diamond recovery procedures, followed by final diamond recovery in an ultra-high security facility in Johannesburg, RSA. A summary of sampling information and diamond recovery results for this drillhole is shown in Table 1.
Table 1: Summary of Macrodiamond Recovery for Minibulk Samples from Drillhole 04-140-051
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"Vic Pankratz of the SFSC told the Journal last week that their concerns have still not been addressed..."
Fear? Don't want the SEC to see any of it? Don't want shareholders to see any of it? They certainly appear to be really doing their best to hide something.
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A Viet Nam Vet's VEGAS RACE RECAP (a little rough around the edges)
By: richardhead11 19 Apr 2005, 11:21 PM EDT Msg. 198112 of 198120 Jump to msg. #
I asked Ed Dhonoue if there was really a naked short, he replied you better believe it, and the SEC knows it as well. CMKX lawyers represent CMKX, Frizzell represents the shareholders, Ed said retaining Frizzell was the best thing that could have happened for shareholders.
By: richardhead11 19 Apr 2005, 06:08 PM EDT Msg. 197867 of 198127 (This msg. is a reply to 197860 by wbill013.) Jump to msg. #
wbill013 RE: I will tell you what, if Urban/CMKX come out in support of Frizzell in a PR, I will
CMKX cannot do this. Ed Dhonoue told several of us Frizzell was the best thing to happen for CMKX shareholders. Do you know deli dog, he is respected on pal talk and will confirm. Ed also said there is definetly a naked short and the SEC knows it, and wanted CMKX to go away, but now with Frizzell representing share holders the SEC is back against the wall and cannot let CMKX go away, they have to face the music, Ed Dhonoue's words. Later
By: richardhead11 19 Apr 2005, 04:38 PM EDT Msg. 197805 of 198127 (This msg. is a reply to 197641 by Trade_to_Live.) Jump to msg. #
Trade and quiet RE: Frizzell and the $25 I just spent over $1200.00 going to Las Vegas so I could personally voice my appreciation and support to the CMKX team and race crew. Do you think I would hesitate or think twice about sending Mr. Frizzell $25 to represent me in front of the SEC to help protect my investment, give me a break!! Any one who does not send the man the $25 bucks and state their number of shares held for the record is either a fool or a cheap azz.
By: richardhead11 19 Apr 2005, 01:05 PM EDT Msg. 197622 of 198127 (This msg. is a reply to 197618 by mquietstorm3.) Jump to msg. #
quiet, I was at the races in Las Vegas for 4 days and talked with everybody of importance. Easy is a fool. I will take the advise of Ed Dhonoue, Mike Williams and Urban and support Mr. Frizzell.
By: richardhead11 19 Apr 2005, 12:53 PM EDT Msg. 197614 of 198128 Jump to msg. #
Ed Dhonoue and other VIPs in Las Vegas personally
told me the hiring of Attorney Frizzell was the best thing to happen for CMKX shareholders. The SEC best interest is investor's and now they are up against the wall cause now we have a law firm representing shareholders. I just filled out the application and sent my $25 in, the Green Baron Ed supports the law firm 100% as well. The more shareholders and their share count will look better when Mr. Frizzell represents us at the hearing, numbers are strength! Here is the application:
posted
So the faithfull rallies, the loosers gather and Legal continues to mix the kool aid.
CMKX is nothing but trash and has no value, they have a bunch of dry claims in Sask, a site that Urban cannot visit because the Canucks are looking for him.
Geez give it up. We have all lost money on this and we do not need anymore salt in the wounds.
CMKX is scamming and running scared
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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